The CSRC has issued a notice to seriously investigate and punish illegal cross-border business activities by institutions such as Tiger Securities, Futu, and Changqiao Securities, confiscating all illegal proceeds obtained by the relevant entities of Tiger, Futu, and Changqiao both inside and outside China.


Continue to firmly carry out the regulatory requirements of being “tough with teeth and sharp needles,” strict and imposing, and severely crack down on illegal conduct such as overseas institutions illegally operating securities business within China.
So, is heaven actually feeding the exchange’s tokenized stock business? 😂
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